Solana ETF regulatory filings flood in as Gensler sets departure date
Bitwise, VanEck, 21Shares and Canary Capital have also recently submitted their S-1 registration statements to list a spot Solana ETF in the US.
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AI will never become a conscious being — Sentient founder
Artificial intelligence will have major social implications but will not evolve to the point of being a true silicate-based life form. Artificial intelligence (AI) will never become a conscious being due to a lack of intention, which is endemic to human beings and other biological creatures, according to Sandeep Nailwal — co-founder of Polygon and

US SEC Fines Delaware-Based Digital Asset Fund and Issues Cease and Desist Order
The United States Securities and Exchange Commission (SEC) has issued a cease and desist order against CoinAlpha Advisors LLC in addition to ordering a $50,000 penalty, according to a filing published Dec. 7.Delaware-registered CoinAlpha Advisors LLC was reportedly established in July 2017 to act as the managing member of and manager to fund CoinAlpha Falcon…

Eftpos Australia Launches DLT Micropayments Pilot With Hedera
Australia’s leading point-of-sale technology provider, Eftpos, is launching a proof-of-concept exploring DLT-powered micropayments in partnership with Hedera. Eftpos Australia, the country’s leading point-of-sale technology provider, has announced a partnership with distributed ledger technology (DLT) firm Hedera to conduct a micropayments proof-of-concept using an Australian dollar stablecoin.Eftpos chief executive Stephen Benton described the collaboration with Hedera…

Coinbase revenue tripled in Q1, plans to add bank-like services and to list DOGE
During the first quarter, Coinbase’s active users increased by 120% while trade volumes tripled. 1032 Total views 16 Total shares The first quarter revenue of leading U.S.-based crypto exchange, Coinbase, more than tripled its Q4 2020 performance.According to documents filed with the U.S. Securities and Exchange Commission, Coinbase generated earnings of $3.05 per share and…

Ripple’s allies expand: Coinbase files amicus brief in fight against SEC
Crypto exchange Coinbase has filed documentation asking permission to help Ripple Labs in its ongoing legal battle with the SEC. 422 Total views 11 Total shares United States-based crypto exchange Coinbase has become the latest organization to stand behind Ripple Labs in its legal battle against the Securities and Exchange Commission (SEC), which could wrap…

Binance Australia CEO: regulations will establish higher standards in crypto
Leigh Travers feels that a change in Australia’s government will slow down work on crypto regulations that could prove that the industry is already operating at a higher level than traditional finance. 487 Total views 19 Total shares As the struggle for regulatory clarity down under rages on, Binance Australia’s CEO Leigh Travers thinks that…

South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion
According to South Korean corporate tax laws, foreign-registered companies are treated as domestic if the decision-making process and operations are carried out from the country. 850 Total views 13 Total shares Terraform Labs and co-founder Do Kwon continue to attract more legal trouble in the wake of the collapse of the Terra ecosystem. After early…

US SEC Seeks Sanctions Against Individuals Behind Alleged Crypto Scam PlexCoin
The U.S. Securities and Exchange Commission (SEC) is seeking sanctions against the individuals behind the allegedly fraudulent Initial Coin Offering (ICO) known as PlexCoin, Finance Feeds reports September 26.The SEC has been involved in ongoing court proceedings against the owners of the associated firm PlexCorps — Dominic Lacroix and Sabrina Paradis-Royer — at the New…